US existing homes fall 1.7% in July as record prices, high mortgage r… | HappeningNow.news

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US existing homes fall 1.7% in July as record prices, high mortgage rates stifle would be-buyers

Home sales have been mostly hovering close to a 4-million annual pace for about three years, far short of the historic norm that is closer to 5.2 million.

Source Courthouse News AI Summary Updated 1h 17m ago
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Read time 1 min ~28 words

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Home sales have been mostly hovering close to a 4-million annual pace for about three years, far short of the historic norm that is closer to 5.2 million.

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